Square Enix plans to continue blockchain technology in game development, according to the company’s 2022 shareholder report. The report states that Square Enix’s medium-term goals include developing blockchain games and entertainment products. But the company considers it too early to create an NFT game for AAA titles such as Final Fantasy and Dragon Quest.
Square Enix Wants NFT, But It Won’t Be Final Fantasy or Dragon Quest
Square Enix has indicated that it has no intentions to release Dragon Quest or Final Fantasy blockchain project. Although the developer wants to expand into blockchain technology, its president thinks it is “too early” regarding those specific titles. “It’s too early to think about creating Dragon Quest and Final Fantasy blockchain games,” said Square Enix CEO Yosuke Matsuda while discussing how NFT will impact the company’s franchises.
We already know that Square Enix is experimenting with NFT and blockchain technology. According to its involvement in blockchain in May’s financial report, the company began selling its first NFTs in March 2021. However, Square Enix CEO Yosuke Matsuda reportedly warned shareholders that it was “too early” to contemplate making NFT games based on popular franchises like Dragon Quest and Final Fantasy.
Square Enix recently sold its studios, such as Crystal Dynamics, Eidos Montreal, and Square Enix Montreal, as well as franchises including Tomb Raider, Deus Ex, Thief, and Legacy of Kain to the Embracer Group for $300 million. When the deal was announced, Square Enix stated that the proceeds would be used to start new businesses through investments in blockchain, artificial intelligence, and cloud technologies.
President Yosuke Matsuda pointed out that the money from the sale would be used for the company’s gaming business. Given the safety issues and bearish cycle in cryptocurrencies, it is possible to say that NFT games are not welcome among gamers. However, gamers were relieved to learn that Final Fantasy won’t be a blockchain game anytime soon.
